The journal entry to record the borrowing of cash and the signing of a note payable involves: A) A debit to cash and a credit to note payable
What are the appropriate entries for receipt of cash through borrowing?
When cash is received the cash balance increases, since cash is an asset, an increase in assets is a debit entry, hence, the notes payable is credited since the increase in liability is a credit entry.
In essence, the entries to effect the recording of cash receipt and signing of note payable requires that we debit cash and credit notes payable to indicate the increase in firm's obligations, the liabilities
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Money center banks are considered to be any bank which: A. Has corporate headquarters in either New York City, Chicago, San Francisco, B. Atlanta, Dallas or Charlotte C. Is a net supplier of funds on the interbank market D. Relies almost entirely on nondeposit and borrowed funds as sources of liabilities E. Does not participate in foreign currency markets F. Is not characterized by any of the above
Money center banks are considered to be any bank which is a net supplier of funds on the interbank market.
Money center banks are financial institutions that offer a wide range of financial services such as lending and borrowing, foreign currency exchange, trade financing, and investment banking. They are considered to be any bank that has corporate headquarters in either New York City, Chicago, San Francisco, Atlanta, Dallas, or Charlotte.
Money center banks play a crucial role in the global financial system, primarily by providing liquidity and credit to other financial institutions and businesses. They also have the capacity to lend money to other banks or governments, finance mergers, and acquisitions, and facilitate international trade. Most money center banks are characterized by the fact that they rely almost entirely on non-deposit and borrowed funds as sources of liabilities.
These institutions have a large amount of short-term debt on their balance sheets, which is typically used to finance their operations. They are also net suppliers of funds on the interbank market, which means they lend more money to other banks than they borrow from them.
Money center banks participate actively in foreign currency markets. They offer services such as foreign exchange transactions, trade finance, and international payments to businesses and individuals. They also trade foreign currencies on behalf of their clients to hedge against exchange rate risks or to speculate on currency movements.
The characteristics of money center banks include having corporate headquarters in certain cities, relying mostly on non-deposit and borrowed funds, and being net suppliers of funds on the interbank market.
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Suppose that a fund that tracks the S&P has mean E(Rm) = 16% and standard deviation sm=10%, and suppose that the T-bill rate Rf= 8%. Answer the following questions about efficient portfolios:
a) What is the expected return and standard deviation of a portfolio that is totally invested in the risk-free asset?
b) What is the expected return and standard deviation of a portfolio that has 50% of its wealth in the risk-free asset and 50% in the S&P?
c) What is the expected return and standard deviation of a portfolio that has 125% of its wealth in the S&P, financed by borrowing 25% of its wealth at the risk-free rate?
The expected return of the portfolio is 22% and the standard deviation is 12.81%.
a) The expected return and standard deviation of a portfolio that is totally invested in the risk-free asset can be calculated as follows:
Expected Return: Since the portfolio is completely invested in the risk-free asset, the expected return will be equal to the risk-free rate, which is 8%.
Standard Deviation: Since the portfolio has zero exposure to the S&P and is invested solely in the risk-free asset, the standard deviation will be zero. This is because the risk-free asset has no variability in returns.
b) The expected return and standard deviation of a portfolio that has 50% of its wealth in the risk-free asset and 50% in the S&P can be calculated as follows:
Expected Return: The expected return of the portfolio can be calculated as a weighted average of the expected returns of the risk-free asset and the S&P. Since we have equal weights, the expected return will be:
(0.5 * 8%) + (0.5 * 16%) = 12%
Standard Deviation: The standard deviation of the portfolio can be calculated using the formula for the standard deviation of a portfolio. In this case, since the correlation between the risk-free asset and the S&P is zero, the formula simplifies to:
√[(0.5 * 10%)^2 + (0.5 * 10%)^2] = 7.07%
c) The expected return and standard deviation of a portfolio that has 125% of its wealth in the S&P, financed by borrowing 25% of its wealth at the risk-free rate can be calculated as follows:
Expected Return: The expected return of the portfolio can be calculated as a weighted average of the expected returns of the risk-free asset and the S&P. Since we have 125% invested in the S&P, the expected return will be:
(1.25 * 16%) + (0.25 * 8%) = 22%
Standard Deviation: The standard deviation of the portfolio can be calculated using the formula for the standard deviation of a portfolio. In this case, since the correlation between the risk-free asset and the S&P is zero, the formula simplifies to:
√[(1.25 * 10%)^2 + (0.25 * 10%)^2] = 12.81
So, the expected return of the portfolio is 22% and the standard deviation is 12.81%.
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Management career skills include managing _____. time personnel finances all of the above
Consumer products are classified based on the attributes used in making the purchase decision, the frequency of purchase, and the:________
Consumer products are classified based on the attributes used in making the purchase decision, the frequency of purchase, and the: level of consumer involvement in the purchase decision.
These classifications typically include convenience products, shopping products, specialty products, and unsought products. Each category has distinct attributes and requires different marketing strategies to appeal to consumers.
Consumer products, also referred to as final goods, are products that are bought by individuals or households for personal use. In other words, consumer products are goods that are bought for consumption by the average consumer. From a marketing perspective, there are four types of consumer products, each with different marketing considerations.
Convenience products are bought the most frequently by consumers. They are bought immediately and without great comparison between other options. Convenience products are typically low-priced, not-differentiated among other products, and placed in locations where consumers can easily purchase them.
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The Finley Company plans to produce 25,000 units during July. It plans to sell 26,000 units in July. Each unit of finished product requires 2 pounds of direct material X. This direct material costs $4 per pound. The July 1 inventory of X is 2,000 pounds, and the desired July 31 inventory of X is 1,000 pounds. The cost of material X purchases in July is planned to be: Group of answer choices
The cost of the material X purchased in July should be $196,000.
The cost of material X purchased be:Material required for production (25,000 units × 2 pound per unit) 50,000 pounds
Add: Desired closing inventory 1,000 pounds
Total requirement 51,000 pounds
Less: Opening inventory - 2,000 pounds
Material to be purchased 49,000 pounds
Multiply with Cost of material $4 per pound
Total cost of purchases $196,000
Therefore we can conclude that the cost of the material X purchased in July should be $196,000.
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The ___________ is the only price where quantity demanded is equal to quantity supplied. Group of answer choices equilibrium price horizontal axis intercept vertical axis intercept market price Flag this Question Question 142 pts The downward slope of the demand curve again illustrates the pattern that as _____________ rises, _________________ decreases. Group of answer choices
Answer:
Equilibrium price; price; quantity demanded.
Explanation:
Demand can be defined as the amount or quantity of goods and services that are being desired or required by the consumers and that they are willing to pay a price for.
The law of demand states that there is a negative relationship between the price of a good and the quantity of the good demanded.
This ultimately implies that, when the prices of goods and services in the market increases or rises: there would be a significant decline or fall in the demand for this goods and services.
Hence, the equilibrium price is the only price where quantity demanded is equal to quantity supplied. This is simply the point where there is an agreement between the quantity of goods produced by the manufacturer and the quantity of goods desired by the consumers, thus, both the desires of the producer and consumers are in sync.
The downward slope of the demand curve again illustrates the pattern that as price rises, quantity demanded decreases. This ultimately implies that, when the price at which a manufacturer, wholesaler or retailer increases, the quantity of goods demanded by the consumer would decrease and vice-versa.
Answer:
the correct answer is equilibrium price
Explanation:
(econ1101)
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
to be effective, a leader must understand the ________ aspects of the organization such as values, attitudes, and personalities.
To be effective a leader must understand the core aspects of the organization like value, attitudes and personalities.
In order for a leader to be effective, they have to be competent and have interpersonal approach to issues.
They need to have good skills such as good listening skills, honesty, ability to communicate openly, conflict resolution skills etc.
All of these are very important in the company in order to keep the whole organization going.
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Answer:
informal
Explanation:
The informal aspects are the focus of the interdisciplinary field known as organizational behavior (OB), which is dedicated to better understanding and managing people at work.
President Eisenhower's economic policy can be best characterized as (A) the adoption of deficit financing to promote economic growth, but the repudiation of the progressive income tax (B) the rejection of the New Deal and an attempt to restore laissez-faire policies (C) the acceptance of the New Deal, but moderation in the expansion of governmental social programs (D) a vigorous effort to increase defense spending and federal funds for health care (E) a continuation of his predecessors' efforts to expand the role of the federal government
Answer:
(C) the acceptance of the New Deal, but moderation in the expansion of governmental social programs.
Explanation:
President Eisenhower's economic policy can be best characterized as the acceptance of the New Deal, but moderation in the expansion of governmental social programs.
The importance of Administration functions
The core of any company or organization is its administration. They are a group of actions that support the systematic and efficient management and coordination of an organization's many operations.
The importance of administration is -
1. The planning - The main function of administration is planning the goal, and objective and guiding the people of the team for the fulfillment of the objective. Through the planning method, the administrator can plan the number of resources going to be used in fulfillment of the objective.
2. Organizing - This involve the delegation of work to people and clearly defining their roles for the work which has to do.
3. Staffing - It involves the function of hiring, training, and retaining the employees of the organization.
In summary, the functions of administration play a crucial role in the success of any organization.
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Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Securities and Exchange Commission (SEC) will pay _____ percent of the amount the government recovers from financial fraud if the whistleblower provides original information leading to a recovery of more than a million dollars. Group of answer choices
The Securities and Exchange Commission (SEC) will pay 5 to 8 percent of the amount.
What is Dodd-Frank Wall Street Reform and Consumer Protection Act ?In reaction to the financial crisis of 2007–2008, the Dodd–Frank Wall Street Reform and Consumer Protection Act was developed. The legislation, which is named for its supporters Sen. Christopher J. Dodd (D-Conn.) and Rep. Barney Frank (D-Mass. ), contains a number of provisions that are detailed throughout 848 pages and were intended to be implemented over a number of years. A significant piece of financial reform legislation known as the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed in 2010 by the Obama administration. The Dodd-Frank Wall Street Reform and Consumer Protection Act, more often known as the "Dodd-Frank Act," created a number of new government organizations tasked with monitoring the law's many provisions and, consequently, various facets of the financial system.Know more about Dodd-Frank Wall Street Reform and Consumer Protection Act with the help of the given link:
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ranking the performance prospects of business units in a diversified company from best to worst multiple choice question. should largely be determined by where resources are currently being allocated among the business units. indicates which businesses are cash hogs that will need additional investment. helps corporate management decide where to allocate resources and capital investments among the business units. should not take into consideration past financial performance of the businesses since it does not guarantee future performance.
d. ranking the company's business units from competitively strongest competitively weakest and thereby learn which business units are strong, average, or weak market contenders in their respective industries.
What are the various stages of corporate diversification?They assert that there are three levels of diversification; Insufficient Diversification High to Moderate Levels of Diversification High to Moderate Levels of Diversification
What does a diversified company's strategic and competitive advantage look like?When market conditions change, diverse businesses have a competitive edge because they can shift their resources—financial, human, and technological—from one product specialty to another swiftly. Given that specialist businesses cannot complete this task fast, it is a competitive advantage.
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ECONOMICS
Determine whether each characteristic describes a sole proprietorship, a general partnership, or a corporation. Note that a characteristic may apply to more than one type of business structure.(2 points)
The characteristic that describes a sole proprietorship makes a corporation sole proprietor. Option B. This is further explained below.
What is a sole proprietorship?Generally, a sole proprietorship is simply defined as a kind of unincorporated firm in which the earnings are reported and taxed by the owner as a part of his or her personal income.
In conclusion, Individuals who hold single proprietorships are responsible for all financial obligations of the company.
When two or more individuals work together to run a company, they are said to be "in partnership."
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Answer: Stocks may be issued to generate income- Corporation
There are 1 or more owners-Sole Proprietorship, General Partnership, Corporation
Liability is unlimited or can be unlimited-Sole Proprietorship, General Partnership.
Other things being equal, what is the effect of deficit spending on credit markets?
A.
The supply of credit will increase while the demand for credit remains the same.
B.
Both the demand for credit and the supply of credit will decrease.
C.
The demand for credit increases while the supply of credit remains constant.
D.
Both the demand for credit and the supply of credit will increase.
Other things being equal, deficit spending tends to increase the demand for credit, which in turn puts upward pressure on interest rates. Therefore, the correct answer is C: The demand for credit increases while the supply of credit remains constant.
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How do you write a business pitch???
Answer:
A business pitch is a presentation by one or more people to an investor or group of investors.
Explanation:
have a nice day! hope this helps!
A new business has total sales of $7,500 and cost of goods sold is $3,733. What is the gross margin from sales?
Answer:
i think its 0.50:1
Explanation:
A gross profit margin of 0.33:1 means that for every dollar in sales, you have 33 cents to cover your basic operating costs and profit.
Some business owners will use an anticipated gross profit margin to help them price their products. While other factors -- such as competition and demand -- may play into pricing decisions, a gross profit margin is a good starting point for product pricing. For example, if a product costs $8 to produce, and your gross profit margin is 20 percent, you can calculate your pricing by dividing your cost by (1 - 0.2). In this case, $8 divided by .8 would yield a price of $10.
You can also use your gross profit margin ratio to help you set and monitor sales goals for your company.
Because costs for raw materials, labor and manufacturing expenses all play into your profit margin ratio, a change in this ratio over time could mean it's time to look for new suppliers or review your pricing structure.
If a new business has total sales of $7,500 and cost of goods sold is $3,733. The gross margin from sales is: $3,767.
Gross marginUsing this formula
Gross margin=Total sales -Cost of goods sold
Where:
Total sales=$7,500
Cost of goods sold=$3,733
Let plug in the formula
Gross margin=$7,500-$3,733
Gross margin=$3,767
Therefore the gross margin from sales is: $3,767.
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why adding payment options in the stands can increase a fan’s satisfaction at a sports
event?
The results of a partial least squares structural equation modeling analysis imply that aspects of the stadium, club management, and the fan-based support for the club are the most important determinants of fan satisfaction.
- BRAINLIEST answerer
Answer: The costumer would find it better and easier, which means sport event will make more profit because the fans are satisfied.
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Which model includes components that will help an entrepreneur determine the targeted customer segment, value proposition, channels for the distribution of the proposition, and type of customer relationships, among other key areas of importance to the future success of the entrepreneur?
The model that includes components to help an entrepreneur determine the targeted customer segment, value proposition, channels for distribution, type of customer relationships, and other key areas is the Business Model Canvas.
The Business Model Canvas is a strategic management tool that provides a visual representation of a company's business model. It consists of nine key building blocks, including customer segments, value propositions, channels, customer relationships, revenue streams, key activities, key resources, key partnerships, and cost structure.
By filling out each block of the canvas, entrepreneurs can identify and refine their business model, focusing on the most critical elements that will drive the success of their venture.
For instance, entrepreneurs can use the canvas to define their target market, create a value proposition that speaks to their customers' needs, identify the most effective channels to reach those customers and establish the type of customer relationships that will be most valuable for their business.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36
Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.
To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:
The flat-rate disability amount is $496.36 per month.
The maximum monthly disability benefit is $1362.30.
Krishna's entitlement to a CPP retirement benefit is $660 per month.
To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:
The disability benefit will be the lesser of:
The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.Let's calculate the disability benefit based on the above formula:
Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)
= min($660, $496.36 + $660 - $496.36)
= min($660, $660)
= $660
Therefore, Krishna will receive a disability benefit of $660 under the CPP.
Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36
"Under ASC 220, Comprehensive Income, corrections of errors are reported in
a. Other comprehensive income.
b. Other income/(expense).
c. Retained earnings.
d. Stockholders' equity."
Under ASC 220, Comprehensive Income, corrections of errors are reported in other comprehensive income.
Comprehensive income is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. Comprehensive income includes both net income and other comprehensive income. Other comprehensive income includes items that are not recognized in net income, such as unrealized gains or losses on available-for-sale securities, foreign currency translation adjustments, and adjustments for minimum pension liability. The correction of errors is considered an adjustment to a prior period's financial statements, and therefore, it is reported as a component of other comprehensive income. Other income/(expense) is used to report items that are not related to the company's normal operations, such as gains or losses from the sale of assets. Retained earnings reflect the cumulative earnings of the company that have not been distributed as dividends. Stockholders' equity is the residual interest in the assets of the company after deducting liabilities. Therefore, corrections of errors are not reported in these accounts.
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Which factor affecting team structure has the greatest impact in light of today's world of global development teams?
The factor affecting team structure that has the greatest impact in today's world of global development teams is communication.
In a world where teams are spread across different time zones and locations, effective communication becomes crucial for the success of the team. Communication barriers such as language, cultural differences, and technological limitations can hinder the ability of team members to collaborate and share information effectively. As a result, it is important for teams to establish clear communication channels and protocols to ensure that all team members are on the same page. Furthermore, effective communication is essential for building trust and creating a sense of team cohesion. Teams that are able to communicate openly and honestly are more likely to work together effectively and achieve their goals. Additionally, communication plays a key role in managing conflict and resolving issues within the team.
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Reviewing monthly bank reconciliations completed by employees ensures that cash access is limited to appropriate individuals.
True
False
2.Some of the auditor’s responsibility can extend beyond the balance sheet date.
True
False
3.Substantive analytics for cash accounts are typically not very effective.
True
False
4.A key source of information for the auditor when it comes to confirmation of loss contingencies are specialists such as legal counsel.
True
False
5.The auditor is responsible for designing and maintaining policies and procedures to identify, evaluate and account for loss contingencies.
True
False
Monthly bank reconciliations are conducted to ensure that cash access is limited to authorized individuals. This practice also guarantees that transactions in the organization are recorded accurately, without mistakes, and that fraud is detected and prevented.
Some of the auditor’s responsibility can extend beyond the balance sheet date. This is because, as part of the audit procedure, the auditor must ensure that events after the balance sheet date are recorded accurately, particularly those that relate to the period being audited.
Substantive analytics for cash accounts are typically effective. Substantive analytics are methods of assessing the completeness, accuracy, and validity of financial data, such as cash accounts, and are used in auditing.
Specialists such as legal counsel are an essential source of information for the auditor when it comes to confirmation of loss contingencies. They aid the auditor in determining whether a potential loss is probable and the possible loss amounts.
It is not the auditor's responsibility to design and maintain policies and procedures to identify, evaluate, and account for loss contingencies.
The answers are given below:
1. True
2. True
3. False
4. True
5. False
The management of the company is responsible for designing and maintaining policies and procedures that ensure that the company's loss contingencies are appropriately identified, evaluated, and accounted for.
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Marianne was a computer programmer making almost $170,000 a year at a rate of $80 an hour for Big Tech. Ginger, her boss, demanded that she work 100 hours of overtime over the next month until a large project was complete. Marianne believes she is entitled to 100 hours of overtime pay. Under the Fair Labor Standards Act, how much overtime pay is she entitled to
Under the Fair Labor Standards Act, Marianne is entitled to $12,000 for overtime pay.
What is the overtime rate under the Fair Labor Standards Act?Under the Fair Labor Standards Act, the overtime rate is a time and a half.
Data and Calculations:Annual salary = $170,000
Rate per hour = $80
Overtime rate per hour = $120 ($80 x 1.5)
Overtime hours = 100 hours
Overtime pay = $12,000 (100 x $80 x 1.5)
Thus, under the Fair Labor Standards Act, Marianne is entitled to $12,000 for overtime pay.
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3. What is inflation?
O When asset and consumer prices continue to fall
O The measure of dollar value of all goods and services
O The measure of change in employment
O The continuous increase in the prices of most goods and services
Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Conduct online research on different types of cover letters. Observe the cover letters and list the strong points of each cover letter. Based on the observations of different cover letters, create a cover letter of your own, assuming that you are applying for a company of your choice.
Answer:
the investigation of encyclopedia in the photosynthesis of America
Explanation:
The water flies ontop the bridge challenge to them
question number 1) in order to assess the effectiveness of its "oh yes we did" ad campaign, domino’s tested the ad using a small group of individuals it thought was representative of the overall market. this group of consumers is called a .
The group of consumers that Domino's tested the "oh yes we did" ad campaign on is called a sample. A sample is a smaller subset of individuals that is representative of the overall market or population.
In this case, Domino's selected a small group of individuals that they believed would accurately reflect the preferences and behaviors of the larger market. By testing the ad campaign on this sample, Domino's can gather feedback and assess the effectiveness of the campaign before launching it to the wider audience.
By using a sample, Domino's can make inferences and draw conclusions about how the larger market will respond to the ad campaign based on the feedback and reactions of the individuals in the sample. This helps Domino's evaluate the success of their campaign and make any necessary adjustments before launching it to the wider audience.
In summary, the group of consumers that Domino's tested their "oh yes we did" ad campaign on is called a sample. By testing the campaign on this smaller group, Dominos can gather feedback and assess the campaign's effectiveness before launching it to the larger market.
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Cms may eliminate any increase in payment due to the occurrence of selected post-admission complications, known as:.
Answer:Hospital Acquired Conditions
Explanation:
CMS may eliminate any increase in payment due to the occurrence of selected post-admission complications known as Hospital Acquired Complications.
What are hospital-acquired conditions?Illnesses that arise when a patient is in the hospital for another reason result in suffering from these conditions known as Hospital Acquired conditions.
To reduce the causes of these spreads, Hospitals have developed reduction programs that aim to promote hospitals to enhance patient safety by reducing the number of conditions associated with hospitalization of the patient.
These reduction programs help them to design better safety and security to restrict this kind of infection.
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what business entertainment expenses are deductible
How does marketing help your product or service
Answer:
Marketing informs your customers about the products or services you're offering them. Through marketing, the customers get to know about the value of the products, their usage and additional info that might be helpful to the customers. It creates brand awareness and makes the business stand out.
Explanation: